Hey folks, with some much crypto turbulence how are you hodling your crypto? I am thinking of moving out of the exchange to a wallet. Is Coinbase waller sufficient? Would love to hear from coinbase employees too. #coinbase TC: đ„
Why did you post this in investments lol đ
I am a hodl-we
I use a combo of cb wallet and cbâs vault. Everything weâve said in the news is true. We act like responsible adults with customer deposits.
Crypto is dead.
Thank you! What is a CB vault? Should I move crypto from coinbase exchange to coinbase wallet then?
Yes, Coinbase Wallet is a safe choice.
Thank you!
I self-custody with a ledger hardware device. Not because Iâm concerned about solvency issues, but rather the government. âNot your keys, not your coinsâ is 100% true, and the government can seize your assets if they donât like your politics, as they did in Canada last year.
Would a coinbase wallet be sufficient for this? I donât like to have to keep a hardware and keys written down.
@cNya27 I felt this way for a long time. Lost about $4500 in BTC when Celsius went bankrupt and that was my coming to senses moment. Luckily it wasnât life changing money, but I realized trusting a centralized entity with my crypto was antithetical to crypto itself
You need to move to hardware wallet like yesterday. Not your keys not your coins
Do you understand what coinbase wallet is.... Pls do research before commenting
Hurrrr durrerr move to a hard wallet! Not your keys hurrrr durrrr. Not an unexpected take from a snap employee
CBWallet is imo the best wallet available. It was not the case a year ago, it as someone who has worked tirelessly on the wallet team, I believe we really are the best. Iâm no longer a part of that org, as I moved to a different product, but my fellow eng on wallet imo are the best in the company overall.
Can confirm. I am working really hard on CB Wallet
đ«Ą fellow wallet squad
I wouldnât hold any crypto
Put they in actual money like USD
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Wallet is self custodial, sufficient imo.
Thanks! Is coinbase wallet sufficient in case of bankruptcy of $COIN?
Yes. Thats what self custodial means. Make sure to backup your seed phrases. You can import your wallet using the seed to other wallet providers like metamask.